Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

estion 7 yet wered ked out of Merchandise bought on credit OMR 340 had been entered in the purchases journal as OMR 430. What is

image text in transcribed
estion 7 yet wered ked out of Merchandise bought on credit OMR 340 had been entered in the purchases journal as OMR 430. What is the correction journal entry for the above transaction? Flag estion a. None of these. b. Accounts payable a/c Debit OMR 180; Purchases a/c Credit OMR 180 c. Accounts payable a/c Debit OMR 90; Purchases a/c Credit OMR 90 d. Purchase a/c Debit OMR 90, Accounts payable a/c Credit OMR 90

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Students also viewed these Accounting questions